Press Releases
With the bear market actively wreaking havoc every day, one crypto has defied all sentiment, securing $200m during its private sale from high net worth investors worldwide, making it perhaps the biggest success of 2022. Evidently seen as a safe haven by many top players, Islamic Coin has managed this
Press Releases
As one of the most valuable trends in the blockchain space, gamefi has experienced a massive surge in value and interest globally. However, there are still a few hurdles that pose a threat to the growth of this budding space. Since the launch of blockchain-based games and metaverses, most developers
Days after showing signs of recovery, it appears the bears have once again taken hold of the crypto market. Bitcoin and other top cryptocurrencies are currently posting losses, erasing the gains from a week ago. As reported by BTC PEERS, Bitcoin recorded an impressive 23.55% increase in the week
According to a report from global market research firm Technavio, the market for real estate in the metaverse is expected to grow by $5.37 billion between 2021 and 2026. Technavio, in its report, predicts that the market will increase at a compound annual growth rate of 61.74 percent
To address the shortage of skilled Japanese personnel active in the tech industry, the University of Tokyo is looking to offer a range of study programs in the metaverse before the end of the year. According to a report published by a local news outlet on Saturday, the courses will
Over the weekend, Sumitomo Mitsui Financial Group (SMBC Group), announced its plans to collaborate with blockchain startup HashPort on non-fungible token (NFT) and Web3 projects, including promoting Web3 in Japan. The group, which runs one of Japan’s largest banks, said it will be working with HashPort on what it
Ilya Borisov, an NFT artist who earned €8.7 million from selling digital art, is currently in a legal tussle with the Latvian government after authorities froze his account over allegations of money laundering. If found guilty, the artist could spend up to 12 years in jail. During the bloom
Press Releases
NFTs have come a long way. From Mike Beeple’s record-breaking NFT auction to CryptoPunks, the market has experienced tremendous growth. Despite all these, the billion-dollar emerging industry still faces many problems. The high cost of transactions, sometimes ranging from $80 to $250, is a significant sticking point, prompting most
Press Releases
In the last few years, the crypto market has seen intermittent ups and downs, though one thing that has remained consistent is the addition of new tokens to the blockchain. But, they are not all as profitable. It gives rise to an important question, which tokens should I invest in?
Spanish football giant FC Barcelona is entering the NFT space. Its first-ever NFT collection is a digital audiovisual artwork that recreates the moment when club legend Johan Cryuff scored an acrobatic goal against Atletico Madrid in December 1973. Dubbed "In a Way, Immortal," the one-on-one animated edition NFT
Jose Cuervo, one of the best-selling tequila brands, is entering the metaverse with the first tequila distillery in the virtual world. Schedule to make its debut in Decentraland on Sunday, July 24, the launch coincides with National Tequila Day. According to an official statement from the company, the virtual space
Reid Hoffman, the co-founder of business networking platform LinkedIn, has launched a collection of Solana NFTs created by OpenAI's DALL-E 2 artificial intelligence software. The billionaire tech entrepreneur took to Twitter on Thursday to announce the initiative, revealing that he would auction the first piece from the collection
Following Mojang Studio’s ban on NFT integrations on Wednesday, Epic Games has stepped forward to pledge its support for the industry. Responding to Mojang’s decision, Epic Games founder and CEO Tim Sweeney has said that his firm “definitely won’t” ban nonfungible tokens (NFTs) as devs “should be
Press Releases
While NFTs have constantly been making waves in the crypto industry, thanks to the explosive interest by the public and some very extreme valuation of projects (Beeple, BAYC, CryptoPunks), one question that is repeatedly asked is, how do you capitalize on the rising value? One way would be to “flip”
On Wednesday, Microsoft-owned Mojang Studios announced that it would prohibit nonfungible tokens (NFTs) and other blockchain-related technology from its popular Minecraft game. "NFTs can create models of scarcity and exclusion that conflict with our Guidelines and the spirit of Minecraft," the gaming company said in its statement. According
Metaverse
8-time Olympic gold medalist and 11-time world champion, Usain Bolt, has joined the Fitfi team as its brand ambassador. Fitfi is a platform that pioneered the gamified metaverse for the fitness economy. It is officially launching the private beta version of its Step App in partnership with Bolt, who is